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Connected Minerals Limited (ASX:CML)

ALERT: Price-sensitive ASX Announcement for CML
Current share price for CML : $0.390 0.085 (27.87%)+
Announcement
Release
30 Jul 2026 9:44AM
Price at Release
$0.305
Full Release
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Summary
Connected Minerals Limited (ASX:CML) announced that the acquisition of Frontier Group CRM Pty Ltd is nearing completion. The acquisition includes the Bailundo Carbonatite Project in Huambo Province, Angola, with newly granted rights to explore for niobium, rare earth elements, and phosphates. This follows shareholder approval and a capital raising of A$4.5 million. Regulatory approval from Angola's National Mineral Resources Agency has been secured, satisfying conditions for the transaction's completion. The company is progressing towards finalizing the transaction and has commenced exploration activities at the project site.
Key Points
  • All shareholder resolutions have been passed.
  • A$4.5 million capital raising associated with the acquisition.
  • Angola's National Mineral Resources Agency granted mineral rights expansion.
  • The transaction is expected to complete imminently.
  • Exploration activities have started at Bailundo.
  • The acquisition involves 80% interest in Bailundo Carbonatite Project.
  • The project rights include niobium, rare earth elements, and phosphates.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.